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Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

4,172.00GBp
18 Feb 2020
Change (% chg)

-40.50 (-0.96%)
Prev Close
4,212.50
Open
4,162.00
Day's High
4,186.00
Day's Low
4,141.00
Volume
1,448,022
Avg. Vol
2,317,977
52-wk High
5,039.00
52-wk Low
3,900.50

Latest Key Developments (Source: Significant Developments)

Rio Tinto Posts QTRLY Pilbara Iron Ore Shipments (100% Basis) 86.8 MT
Friday, 17 Jan 2020 

Jan 17 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 86.8 MT VERSUS 87.4 MT.QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 83.6 MT VERSUS 86.6 MT.QTRLY BAUXITE PRODUCTION 15.1 MT, UP 28% IN Q4 2018.SEES 2020 PILBARA IRON ORE SHIPMENTS BETWEEN 330 MT TO 343 MT.QTRLY MINED COPPER PRODUCTION 138.7 KT VERSUS 177.8 KT.SEES 2020 MINED COPPER GUIDANCE BETWEEN 530 TO 570 KT.SEES SHARE OF BAUXITE PRODUCTION IN 2020 BETWEEN 55 TO 58 MT.IN 2019, ACHIEVED AVERAGE IRON ORE PRICE OF $79.0 PER WET METRIC TONNE ON AN FOB BASIS.CONTINUE TO EXPECT TO COMPLETE OYU TOLGOI MINE DESIGN IN FIRST HALF OF 2020.CONTINUE TO EXPECT TO COMPLETE OYU TOLGOI UNDERGROUND PROJECT DEFINITIVE ESTIMATE OF COST AND SCHEDULE IN SECOND HALF OF 2020.FOR RIO TINTO KENNECOTT, 45-DAY MAINTENANCE SHUT PLANNED AT SMELTER DURING Q2 2020.LOWER COPPER GRADES AT KENNECOTT EXPECTED UNTIL CO ACCESS HIGHER GRADES FROM END OF 2020 RESULTING FROM PHASE ONE OF SOUTH WALL PUSHBACK PROJECT."INCREASING OUR INVESTMENT, WITH $2.25 BILLION OF HIGH-RETURN PROJECTS IN IRON ORE AND COPPER APPROVED IN Q4".RECOGNISED CHARGE OF ABOUT $200 MILLION AGAINST 2019 UNDERLYING EBITDA AS ESCONDIDA RAISED PROVISION FOR CANCELLATION OF EXISTING COAL CONTRACTS.OYU TOLGOI UNDERGROUND PROJECT REMAINS WITHIN 16-30 MNTH DELAY IN SCHEDULE & AN INCREASE OF $1.2 TO $1.9 BILLION IN DEVELOPMENT CAPITAL COSTS.  Full Article

Carawine Resources Announces $6 Million Paterson Farm In With Rio Tinto
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Carawine Resources Ltd ::CARAWINE RESOURCES LTD ANNOUNCES $6 MILLION PATERSON FARM IN WITH RIO TINTO.CARAWINE RESOURCES LTD - UNDER AGREEMENT, RIO TINTO EXPLORATION HAS RIGHT TO EARN A 70% INTEREST BY SPENDING AT LEAST $5.5 MILLION WITHIN SIX YEARS.  Full Article

Rio Tinto Signs Deal With China Partners To Cut Carbon In Steelmaking
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - Rio Tinto PLC ::RIO TINTO SAYS SIGNED MOU WITH STEEL PRODUCER CHINA BAOWU STEEL GROUP AND TSINGHUA UNIVERSITY.RIO TINTO SAYS MOU TO DEVELOP AND IMPLEMENT NEW METHODS TO REDUCE CARBON EMISSIONS.  Full Article

Fitch Says Rio Tinto Mine Delay Shows Block Caving, Copper Supply Risk
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Fitch Ratings::SAYS RIO TINTO MINE DELAY SHOWS BLOCK CAVING, COPPER SUPPLY RISK.SAYS INCREASED COPPER SUPPLY PIPELINE OF BROWNFIELD EXPANSIONS, GREENFIELD PROJECTS PROJECTED TO ELIMINATE ANY MATERIAL MARKET DEFICIT IN MEDIUM TERM.IF PROJECTS FACE FURTHER DELAYS OR SLOWER THAN EXPECTED PRODUCTION RAMP UP, COPPER MARKET COULD SHIFT TO DEFICITS SOONER THAN FITCH ANTICIPATES.  Full Article

Rio Tinto Completes Sale Of Its Stake In Rössing Uranium Mine
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Rio Tinto Ltd ::COMPLETES SALE OF ITS STAKE IN ROSSING.COMPLETED SALE OF ITS ENTIRE INTEREST IN RÖSSING URANIUM MINE IN NAMIBIA TO CHINA NATIONAL URANIUM CORPORATION.ROSSING SALE FOR AN INITIAL CASH PAYMENT OF $6.5 MILLION PLUS A CONTINGENT PAYMENT OF UP TO $100 MILLION.  Full Article

Alcoa Announces Planned Restart, New Labor Contract For Aluminerie De Bécancour Smelter In Québec, Canada
Wednesday, 3 Jul 2019 

July 2 (Reuters) - Alcoa Corp ::ALCOA ANNOUNCES PLANNED RESTART, NEW LABOR CONTRACT FOR ALUMINERIE DE BÉCANCOUR SMELTER IN QUÉBEC, CANADA.ALCOA CORP - IN SECOND HALF OF 2019, COMPANY EXPECTS TO RECORD SPECIAL ITEMS ASSOCIATED WITH RESTART EXPENSES OF BETWEEN $40 MILLION AND $50 MILLION.ALCOA CORP - IN SECOND HALF OF 2019, COMPANY EXPECTS TO RECORD SPECIAL ITEMS ASSOCIATED WITH RESTART EXPENSES OF $0.22 AND $0.27 PER SHARE.ALCOA - ABI SMELTER PLANS TO RESTART CURTAILED SMELTING CAPACITY AFTER MEMBERS OF UNITED STEELWORKERS UNION IN QUÉBEC, APPROVED SIX-YEAR LABOR AGREEMENT.ALCOA - ABI SMELTER WILL RECALL ABOUT 900 UNIONIZED EMPLOYEES, WITH ALL OF THOSE ON LOCKOUT BACK WITHIN EIGHT MONTHS OF JULY 26 RESTART DATE.  Full Article

USW says ABI Lockout Ends
Tuesday, 2 Jul 2019 

July 2 (Reuters) - USW::UNITED STEELWORKERS - ABI LOCKOUT ENDS.UNITED STEELWORKERS - WORKERS AT ALUMINERIE DE BÉCANCOUR INC. (ABI) VOTED BY A 79.8% MAJORITY TO RATIFY EMPLOYER'S LATEST CONTRACT OFFER.UNITED STEELWORKERS - AS PART OF CONTRACT OFFER FROM ABI, IMPROVEMENTS ALSO WERE MADE TO A RETURN-TO-WORK PROTOCOL.UNITED STEELWORKERS - EMPLOYER GRIEVANCE DEMANDING A $19-MILLION SETTLEMENT FROM UNION ALSO HAS BEEN DROPPED..  Full Article

USW Files Complaint With International Labour Organization Against Quebec Government
Monday, 10 Jun 2019 

June 10 (Reuters) - United Steelworkers::UNITED STEELWORKERS - FILES COMPLAINT WITH INTERNATIONAL LABOUR ORGANIZATION AGAINST QUEBEC GOVERNMENT.USW - COMPLAINT STEMS FROM QUEBEC PREMIER FRANÇOIS LEGAULT'S INTERFERENCE IN NEGOTIATIONS IN 17-MONTH LOCKOUT AT ABI ALUMINUM SMELTER IN BÉCANCOUR.  Full Article

Rio Tinto Says Qtrly Pilbara Iron Ore Shipments (100 Pct Basis) 69.1 MT
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 69.1 MT VERSUS 80.3 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 143.9 KT VERSUS 139.3 KT A YEAR AGO.2019 GUIDANCE FOR PILBARA SHIPMENTS IS REDUCED TO BETWEEN 333 AND 343 MILLION TONNES.QTRLY ALUMINIUM PRODUCTION 796 KT VERSUS 846 KT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 76.0 MT VERSUS 83.1 MT A YEAR AGO.RIO TINTO'S SHARE OF MINED COPPER PRODUCTION FOR 2019 IS EXPECTED TO BE BETWEEN 550 AND 600 THOUSAND TONNES.RIO TINTO'S PILBARA UNIT COST GUIDANCE IN 2019 REMAINS AT $13 - $14 PER TONNE.RIO TINTO'S EXPECTED SHARE OF BAUXITE PRODUCTION IN 2019 IS BETWEEN 56 AND 59 MILLION TONNES.IN 2019, ALUMINIUM PRODUCTION GUIDANCE IS BETWEEN 3.2 AND 3.4 MILLION TONNES AND ALUMINA PRODUCTION GUIDANCE IS 8.1 TO 8.4 MILLION TONNES.Q1 PRODUCTION HURT BY WEATHER DISRUPTIONS IN MARCH AND A FIRE AT CAPE LAMBERT A IN JANUARY & THESE WILL HAVE AN IMPACT ON Q2 PERFORMANCE.  Full Article

Rio Tinto Updates On Tropical Cyclone Veronica
Monday, 1 Apr 2019 

April 1 (Reuters) - Rio Tinto Ltd ::UPDATE ON TROPICAL CYCLONE VERONICA.RIO TINTO'S PILBARA SHIPMENTS IN 2019 ARE EXPECTED TO BE AT LOWER END OF 338 AND 350 MILLION TONNES (100 PER CENT BASIS.IRON ORE OPERATIONS IN PILBARA, WESTERN AUSTRALIA, ARE RESUMING FOLLOWING PASSING OF TROPICAL CYCLONE VERONICA.IMPACT OF DISRUPTION WILL RESULT IN A LOSS OF APPROXIMATELY 14 MILLION TONNES OF PRODUCTION IN 2019.INITIAL INSPECTIONS UNCOVERED SOME DAMAGE TO CAPE LAMBERT A PORT FACILITY DUE TO CYCLONE.RIO TINTO HAS DECLARED FORCE MAJEURE ON CERTAIN CONTRACTS AND IS WORKING WITH ITS CUSTOMERS TO MINIMISE ANY DISRUPTION IN SUPPLY.  Full Article

UPDATE 1-China iron ore gains for sixth day on mounting supply concerns

* Spot iron ore prices jump to $90/T - SteelHome data (Updates with closing prices, chart)